Wego, an online travel platform, announced that it would purchase Cleartrip’s Middle East division from Flipkart Group for an undisclosed amount.
In addition to the sale of Flyin.com, Wego and Flipkart have agreed to collaborate on technology.
In 2010, Cleartrip expanded into the Middle East region, and in 2018, it purchased Flyin.com, a Riyadh-based company that served a similar role in the early days of online travel in Saudi Arabia.
The regional headquarters of both Wego and Cleartrip are in Dubai.
“This acquisition will significantly increase our scale and capabilities and will strengthen our ability to partner and collaborate across our region,” said Ross Veitch, CEO and Co-Founder of Wego.
The deal is set to finalize in the second half of this year.
“Given our strategic priorities and focus on the Indian market, the acquisition of Cleartrip’s Middle East business by Wego provides continuity to its business, and we believe that they are the right partners to boost its next phase of growth,” said Ravi Iyer, Senior Vice President and Head-Corporate Development, Flipkart.
Wego is the Middle East and North Africa’s (MENA) region’s largest online travel marketplace, having been founded in 2005.
“Our focus is clear, building a world-class online travel business emanating from the Middle East but with global ambitions,” said Stuart Crighton, Co-Founder and Head of Cleartrip’s International Business.